Thursday, December 8, 2011

Stock Updates

BEL - bullish candlestick and volume formed yesterday. this is now forming the c to d leg of the mini abcd pattern from 11/3/2011 to present. price is now at the 1.272 bc projection. next prz is at 1.618 of bc around 4.68. Still have this and planning to add. Long term ako dito. Riding the harmonic impulse wave. Classic TA nito is Inverted Head and Shoulders Bottom Pattern.

AP - retesting again the horizontal resistance line. for reference. see my previous post - http://coffeechart.blogspot.com/2011/12/aboitiz-power-corp-ap.html

ALI - ADX value nasa 14.48 and MACD falling down. RSI flat at 50... candlesticks showing indecision. sideways to down.

BHI - RSI below 40 and falling. ADX at 19.34. MACD below 0. Bearish pa ako dito.

DMC - RSI @ 46 and moving down. ADX at 10 and MACD below 0. Still not showing signs of life... sideways to down.

EDC - Slowly moving up. pero strength ng uptrend not strong. Sideways to up

FLI - candlestick pattern confirmed yesterday with a good volume. some indicators supporting the reversal. stock to watch.

JFC - looking good. bouncing from the 50dma. RSI above 50

MIC - possible reversal. might retest 4.54.

LC/B - both had a good volume and bullish candlestick. Bullish or Bearish confirmation will be today. 




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